Liberty All-Star Equity Declares $0.18 Quarterly Dividend with 11.29% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: seekingalpha
- Quarterly Dividend Announcement: Liberty All-Star Equity has declared a quarterly dividend of $0.18 per share, reflecting the company's stable cash flow and profitability in the current market environment, which is likely to attract more income-seeking investors.
- Attractive Yield: The forward yield of 11.29% not only provides substantial returns for existing shareholders but may also draw new investor interest, thereby increasing market demand for the company's stock.
- Shareholder Record Dates: The dividend will be payable on March 9, with a record date of January 22 and an ex-dividend date also on January 22, providing shareholders with clear expectations regarding the dividend, which helps to bolster investor confidence.
- Market Reaction Expectations: Amid concerns over the AI bubble, Liberty All-Star Equity's dividend policy may be viewed as a stable investment choice, and it is expected to have a positive impact on its stock price, especially in a context of increasing market volatility.
Analyst Views on USA
Wall Street analysts forecast USA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About USA
Liberty All-Star Equity Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek total investment return, comprised of long-term capital appreciation and current income. The Fund seeks its investment objective through investment primarily in a diversified portfolio of equity securities. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities, defined as common stocks and securities convertible into common stocks such as bonds and preferred stocks, and securities having common stock characteristics such as warrants and rights to purchase equity securities (although, as a non-fundamental policy, not more than 20% of the value of the Fund’s total assets may be invested in rights and warrants). The Fund may lend its portfolio securities, write covered call and put options and engage in options and futures strategies. The Fund's investment advisor is ALPS Advisors, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
